Coastal Local Area Bank
in India 🇮🇳
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About Coastal Local Area Bank in India
Coastal Local Area Bank is a private sector Local Area Bank (LAB) operating in the coastal districts of Andhra Pradesh, India. It is the largest and first Local Area Bank licensed by the Reserve Bank of India, commencing operations on December 27, 1999.
The bank specializes in providing banking services to rural and semi-urban communities, with a strong focus on financial inclusion, agricultural financing, and support for micro, small, and medium enterprises (MSMEs). Coastal Local Area Bank currently operates over 50 branches and maintains more than 100 service points across five contiguous districts.
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